checking
SoFi $50
Checking and Savings
Set up a first SoFi direct deposit by December 31, 2026. $1,000 to $4,999.99 in the next 25 days pays $50.
Effective value after fees
$50
No monthly maintenance fee, so the $50 tier is not reduced by one. If your 25-day total reaches $5,000, you get $400 instead of $50.
Exact requirements
- New and existing SoFi members who have never set up direct deposit with SoFi. One bonus per member. On a joint account, only the primary member's direct deposit counts.
- SoFi must receive your first eligible direct deposit of $1 or more on or before December 31, 2026.
- SoFi adds up eligible direct deposits over the next 25 calendar days. $1,000 to $4,999.99 pays $50. $5,000 or more pays $400 instead, not both.
- Eligible deposits are recurring ACH income such as payroll, pension, or government benefits. Checks, peer-to-peer transfers, merchant payments, bank ACH transfers, wires, and IRS tax refunds do not count.
- The checking account must be open and in good standing when the bonus is paid.
- Bonus
- $50
- Direct deposit
- $1,000 to $4,999.99 in eligible direct deposits during the 25 days after your first $1 deposit. You earn only one tier.
- Deposit
- No minimum balance. SoFi says it does not charge account, service, or maintenance fees.
- Keep the account open
- Not stated as a fixed close-by date. The checking account must be open and in good standing at payout.
- When the bonus posts
- Within 7 business days after you complete the requirements.
- Expiration
- Promotion runs May 15, 2026 through December 31, 2026 at 11:59 p.m. ET. The first eligible direct deposit must arrive by that end.
- Monthly fee
- $0 account, service, or maintenance fee.
- How to waive it
- SoFi says it does not charge those fees. It does charge for outgoing wires, instant transfers, and global remittances.
- Early closure
- Not stated.
- Credit pull or ChexSystems
- not stated
- Where it is offered
- Availability not stated. The offer page does not list states. The promotion is offered by SoFi Bank, N.A.
- Last verified
- November 15, 2026
Fine print
Bonuses may be reported on Form 1099-MISC or Form 1042-S. SoFi can modify or end the promotion. Members with eligible direct deposit can earn a stated savings APY; the rate on the page was current as of dates SoFi prints and can change. Verified November 15, 2026.
Source checked November 15, 2026: https://www.sofi.com/banking/checking-offer/